Zullo Investment Group Inc. Has $682,000 Holdings in Target Corporation $TGT

Zullo Investment Group Inc. reduced its holdings in Target Corporation (NYSE:TGT) by 3.9% during the 2nd quarter, Holdings Channel reports. The fund owned 6,915 shares of the retailer’s stock after selling 281 shares during the quarter. Zullo Investment Group Inc.’s holdings in Target were worth $682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TGT. Brighton Jones LLC boosted its holdings in shares of Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after acquiring an additional 3,059 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Target by 34.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,389 shares of the retailer’s stock worth $1,294,000 after acquiring an additional 3,195 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Target by 105.7% in the 1st quarter. SG Americas Securities LLC now owns 21,680 shares of the retailer’s stock worth $2,263,000 after acquiring an additional 11,142 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Target by 10.3% in the 1st quarter. Simon Quick Advisors LLC now owns 2,128 shares of the retailer’s stock worth $222,000 after acquiring an additional 198 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Target in the 1st quarter worth approximately $73,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

TGT stock opened at $85.79 on Friday. The business’s fifty day moving average is $94.48 and its 200-day moving average is $96.95. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The company has a market cap of $38.98 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18. Target Corporation has a twelve month low of $85.36 and a twelve month high of $161.50.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the prior year, the business posted $2.57 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities research analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a yield of 5.3%. Target’s payout ratio is presently 53.15%.

Analysts Set New Price Targets

TGT has been the topic of several research reports. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Loop Capital set a $95.00 price objective on Target in a report on Thursday, July 17th. Royal Bank Of Canada upped their price objective on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Bank of America reaffirmed an “underperform” rating and set a $93.00 price objective (down previously from $105.00) on shares of Target in a report on Friday, August 15th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price objective on shares of Target in a report on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $109.65.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.